The Stock is trading near its high and is expected to trade higher ahead. If we look back at the stock. The stock has been in a good uptrend. A few smaller corrections are seen here and there in the stock but the primary trend is UPTREND, secondary trend can be seen but we expect the market to follow its primary trend.

RSI divergence is seen but if the stock rally and the RSI closes above the black line we can expect the RSI to support the price.

Stock is trading above its 5EMA and 23EMA we can expect the stock to trade higher, No negative crossover are seen.

The stock has been trading above the MA of the BB and this has been followed many times.

We can expect the stock to trade near the Higher Band of BB and trade above that as well.

The stock is trading above the ICHIMOKU CLOUD and is expected to trade above the cloud.

Advice : Buy on Dip, whenever a Dip is seen we can start buying a stock.

Buy On Dip

Aug 08 2021

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